Car Dealer News for 27-Oct-2006
'Find the Right Lender Before You Buy a Car (Wellsville Daily Reporter)
(ARA) - If you're in the market for a new car, there's more to take into consideration than just the make, model and features you'll be getting. You also have to figure out how you're going to pay for it.
'AutoNation reportedly to cut auto orders (CNN Money)
The nationwide car dealer AutoNation Inc. said it expects to slash its orders from the Big Three automakers by 30 percent because of swollen inventories, according to a report published Friday.
'Car-dealer chain's profit drops 37% (San Jose Mercury News)
AutoNation, the nation's largest automobile retailer, reported Thursday that its third-quarter profit fell 37 percent as new-car sales downshifted nationally and in its biggest market -- California.
'Wines That Would Make Dad Proud (BusinessWeek)
Car dealer Walter Hansel planted wine grapes on his property in Sonoma County's Russian River Valley back in 1978, and over the years he expanded his vineyards with the help of his son, Stephen. Walter died in 1996, the same year the winery produced its first vintage.
'Get a trip to Europe with that new car (CNN Money)
Some people travel to Europe to see the Louvre and Saint Peter's Basilica. Chris Basse went there to pick up his BMW M5 in Munich, then drive the $90,000, 500-horsepower vehicle 140 miles an hour on Germany's autobahn. "All I could do was laugh. I never felt anything like it," says the 36-year-old businessman from San Antonio. "The car is just made for those roads."
'Unsold cars rile mega-dealer (Detroit Free Press)
The nation's largest dealer of new cars and trucks said Thursday it is struggling to sell many more domestic vehicles than industry reports about swelling inventories would suggest -- and the problem must be dealt with soon.
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